Please share these detailed features with your buyer
This is a co-op building that has the below financial guidelines when approving new ownership
a) Minimum New Income: The applicant must have a minimum of 33% for housing. This includes mortgage payments, monthly maintenance fees,s, and garage parking. 38% for housing and all other debt such as auto payments, monthly credit card payments, student loans, etc.
b) Minimum Asset Position:
Cash Sale: The applicant must have a minimum of twenty months of maintenance after the closing in a savings account.
Mortgaged Sale: The applicant must have a minimum of ten (10) months of maintenance and loan payments after the closing, in a savings account.
c) Minimum Down Payment: 20% - 10% of Purchase Price at Contract and 10% at Closing.
d) Debt to Income Ratio – Debt not to exceed 38% of Net Income
e) Minimum Credit Score must be 700 or above (Equifax)
© 2026 Photography by Ari Lee